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The 10-Point: My Guide to the Day's Top News

The Wall Street Journal
Good morning,
The Kim Squeeze
U.S. pressure on North Korea’s global ties is bearing fruit: More than 20 nations have curbed Pyongyang’s diplomatic or business operations. For more than a year U.S. officials have been asking countries to shut down businesses owned by the North Korean government, remove North Korean vessels from ship registries, end flights by the country’s national air carrier and expel its ambassadors. The campaign is intensifying as the Trump administration adopts stricter sanctions at home, and as the U.N. pursues enforcement of its tightest Pyongyang sanctions yet. The talks are a contrast to the heated exchanges between North Korean leader Kim Jong Un and Mr. Trump, whose hints at military action continued this weekend. The likelihood of the strategy’s success, however, has become a matter of debate. North Korea has continued and indeed intensified its pursuit of nuclear-missile capability throughout the past year.

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Tension at the Top
Unlike most CEOs, zealous about meeting and courting their largest shareholder, Deutsche Bank’s John Cryan has made a point of avoiding his: China’s HNA Group. Mr. Cryan has told associates he wants nothing to do with the conglomerate, a controversial actor on the global scene that in the spring built its stake in the German lender to nearly 10%. We report that his iciness has raised eyebrows among Deutsche Bank supervisory-board members and clients, in addition to irking company Chairman Paul Achleitner, who helped woo HNA. Deutsche Bank has struggled for most of a decade to revive profits and bring stability to its upper ranks—efforts that have been undermined by a slow turnaround and internal clashes over style and strategy.
Grossed Out
The Weinstein Co. board of directors fired co-chairman Harvey Weinstein from the independent movie and television studio on Sunday, citing allegations of sexual misconduct. In multiple conversations over the past few days, board members expressed fury not just about revelations of Mr. Weinstein’s financial settlements with women who accused him of sexual harassment, but also the high-profile producer’s public attempts to defend himself. The allegations have cast doubt on film and television projects in the company’s pipeline, and left Hollywood wondering about its future. Several top Democrats have sought to distance themselves from Mr. Weinstein, including by making charitable donations to offset his past political contributions to them. And much of Hollywood—rarely shy on matters of women’s empowerment—has been conspicuously silent about Mr. Weinstein’s apparent behavior.
Scrap Wars
One economic activity in which the U.S. leads the world is throwing stuff away. We’re pretty good at getting other people to buy our discards, too, at least what we toss in the recycling. But there’s a problem confronting U.S. separators of paper and plastic: The biggest buyer no longer wants it. In July, China notified the WTO that it plans to limit the entry of “foreign waste.” Even before that, starting this spring, some Chinese customers hadn’t been able to renew their import licenses. Experts say it could be a negotiating tactic in China’s trade relationship with the U.S. In any case, piles of scrap have been building in U.S. warehouses.
TODAY'S VIDEO
An Expert in the Field
That Was Painless
The sacred cows of the tax code—including breaks for home-mortgage interest and state and local taxes—are being challenged. Richard Rubin explains…with real cows.
TOP STORIES
U.S.

White House Sends Congress Plans for Immigration Enforcement

Las Vegas Business Leaders Ponder Impact of Mass Shooting
WORLD

Thousands Rally in Barcelona Against Catalan Independence

Tensions Rise Between Iraqis and Kurds After Referendum
BUSINESS

The Panama Canal’s Big Bet Is Paying Off

Why Office Buildings Should Run Like Spaceships
MARKETS

OneMain, Citigroup’s Former Subprime Lender, Fields Takeover Bids

Luxury-Home Purchases Involving Executives Roil Guggenheim Partners
NUMBER OF THE DAY
5.7%
The drop in the Turkish lira against the dollar in early Monday trading in Asia, according to FactSet, after the U.S. and Turkey on Sunday stopped issuing nonimmigrant visas to each others’ citizens. Neither embassy explained what precipitated the actions, but they follow Turkey’s arrest last week of a Turkish employee at the U.S. Consulate in Istanbul. The lira later recovered some of the loss.
QUOTE OF THE DAY
I’m getting fired up…I’m not mad, though. I’m determined.
Procter & Gamble CEO David Taylor on criticisms by activist investor Nelson Peltz, who is vying for a seat on the company’s board. Mr. Taylor has made a personal mission of fighting off Mr. Peltz, who says P&G should shift to smaller, niche brands.
TODAY'S QUESTION
Going back to our story above, do you think Democrats and leaders in Hollywood have been sufficiently critical of Mr. Weinstein? Send your comments, which we may edit before publication, to 10point@wsj.com. Please include your name and location.
—Compiled by Margaret Rawson
READER RESPONSE
Responding to Friday’s question on our reporters’ trip to North Korea, James J. Hyland of Wisconsin said: “North Korea has christened themselves the Democratic People’s Republic of Korea. This is as surreptitious a description as one could possibly imagine.” Jan Rogers Kniffen of Connecticut shared: “My reaction to the video regarding North Korea was, ‘What a beautiful city and what beautiful people.’ Watching it I felt a bit like I think Dorothy must have felt when she went from dreary Kansas filmed in black and white (my Westerner’s view of North Korea) to the Technicolor world of Oz. Then, as I saw all the depictions of Kim Jong Un and his father, I thought, ‘Well, yes, even Oz had the wicked witch of the East and West.’ And had the reporters been able to back track down the yellow-brick road, I am sure that they would have found the grinding poverty and desolation that reigns in the countryside.” And Rich Irwin of Ohio commented: “I’m sure the North Koreans put their best foot forward and did their best to make sure the reporters saw what the North Korean hosts wanted them to see. Balancing their propaganda with our propaganda means we will get part of the reality of North Korea.”

This daily briefing is named “The 10-Point” after the nickname conferred by the editors of The Wall Street Journal on the lead column of the legendary “What’s News” digest of top stories. Technically, “10-point” referred to the size of the typeface. The type is smaller now but the name lives on.

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